Updated September 29, 2026 · BorrowCue Editorial Team
Novo vs Qonto ES
Novo vs Qonto ES: the differences
| Compare |  Novo |  Qonto ES |
|---|---|---|
| Loan amount | up to $50,000 | €750 to €1,000,000 |
| Funding time | Instant: funds land in your Novo account instantly, same day as approval | Answer within max 48 h, money in the Qonto account within a few days |
| Lender type | Direct lender | Broker |
| Eligibility | US business owners must hold a Novo business checking account; eligibility builds over about six months of account activity and is based on credit history plus real-time cash flow, final Novo determination | PragmaGO loan: registered office in Spain, company registered at least 1 year, 12 months of activity, any legal form or autonomo, minimum 250 EUR monthly turnover, Qonto account required |
| Loan types | Business | Business, Credit lineCovers more |
| APR | Not confirmed | 19.5% |
| Term | Not confirmed | 1 to 12 months |
| Arrangement fee | 0 (none: application, origination, servicing fees: None) | Not confirmed |
| Free early repayment | Yes | Not confirmed |
| Origination fee (%) | 0% | Not confirmed |
| Credit needed | Not confirmed | Good |
Same on both: Credit check (Hard), Rate type (Fixed).
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Key differences
- Novo scores higher overall: 9.1 vs 8.6.
- Qonto ES is licensed in 1 more country.
- Qonto ES is available in 29 more countries.
- Support channels: only Qonto ES offers Chat, Phone.
- Features: only Novo offers Same day funding.
- Loan types: only Qonto ES offers Credit line.
Our verdict on each
Novo
Novo suits US business owners who already bank with it and can let eligibility build. The line reaches up to $50,000 at a fixed rate, with fees of 0 (none: application, origination, servicing fees: None) across application, origination and servicing, and approved funds land in the Novo account the same day.
Qonto ES
Qonto suits Spanish businesses and sole traders that keep a Qonto account and want a fixed rate on a revolving facility. The trade-off is cost: at 19.5% with a hard credit check, it prices above the 12% median across the site, so the flexibility has to earn its place.
Score breakdown
| Area | Novo | Qonto ES |
|---|---|---|
| Cost | 9.4HigherFees of 0 (none: application, origination, servicing fees: None) for application, origination and servicing. | 8.5The rate is 19.5%, above the 12% site median, on a fixed rate with a hard credit check. |
| Offer | 8.5 | 9.0Higher |
| Trust | 9.2Higher | 8.3 |
Where each is licensed and available
| Country | Novo | Qonto ES |
|---|---|---|
| France | Not confirmed | ACPR 16958 FR_ACPR PSD_PI FR_ACPR!68677 |
| Spain | Not confirmed | Banco de Espana 16958 |
| United States | Not confirmed |
Additional countries for Novo: 1. Additional countries for Qonto ES: 30.
Positions in our rankings
| Ranking | Novo | Qonto ES |
|---|---|---|
| Lines of credit | 17 of 328 | 6 of 328 |
| Business loans | 12 of 435 | 5 of 435 |
Where these facts come from
Novo
- novo.co: 14 facts, checked September 26, 2026
Qonto ES
- qonto.com: 13 facts, checked September 26, 2026
- euclid.eba.europa.eu: 2 facts, checked September 26, 2026
Every fact side by side
| Fact | Novo | Qonto ES |
|---|---|---|
| Pricing model | Fixed rate | Fixed rate |
| Features | Same day funding, Credit lineCovers more | Credit line |
| Legal entity | Novo Platform Inc. | QONTO |
| Headquarters | Not confirmed | France |
| Support channels | Email, Help centre | Chat, Email, Phone, Help centreCovers more |
Where each stands against the rest
| Fact | Novo | Qonto ES | Median |
|---|---|---|---|
| APR | Not confirmed | 19.5%highest quarter | 8.99% |
| Term | Not confirmed | 1 to 12 monthslowest quarter | 60 |
| Origination fee (%) | 0%below the median | Not confirmed | 0.25% |
Median across 1005 listed lenders.
Pros and cons
Novo
Pros
- Fees of 0 (none: application, origination, servicing fees: None) for application, origination and servicing.
- Rate type is fixed and the product is fixed rate, so a budgeted payment holds.
- Free early repayment, so a strong month can clear the balance.
Cons
- Eligibility is reserved for US business owners holding a Novo business checking account.
- A hard credit check sits behind every application, with credit history and real-time cash flow both weighed.
- Support runs on email and help centre only, with no phone route for urgent questions.
Qonto ES
Pros
- The rate is fixed (fixed), so the cost of drawn credit does not reset with market moves.
- The facility is a credit line (credit line) as well as a business loan (business and credit line), so one relationship covers a repeating need and a single large draw.
- Amounts run €750 to €1,000,000, wide enough for an equipment purchase or a payroll bridge.
Cons
- The rate of 19.5% sits above the 12% median across the site and up in the 24.92% band, which makes it an expensive way to borrow.
- The credit check is hard (hard) and the bar is good credit (good), so a thin file has no route here.
- The facility runs 1 to 12, so a drawn balance has to clear inside a short window rather than be spread over years.
Who each suits
Novo
Who it suits
- US business owners who keep a Novo business checking account and can let eligibility build.
- Owners who need cash the same day as approval and plan to clear the line early.
- Companies that prefer a single direct lender and one banking relationship.
Who should look elsewhere
- Businesses unwilling to open a Novo business checking account, since the account and its activity sit inside eligibility.
- Owners after a personal rather than company product, with Vivus ES at €50 to €1,400 the nearer comparison.
- Borrowers needing less, where Plazo ES at €500 to €5,000 sits closer to the need.
Qonto ES
Who it suits
- Businesses registered in Spain that already run a Qonto account and need working capital between invoices.
- Autonomos and companies of any legal form that clear the eligibility bar and want a revolving line rather than a single lump sum.
- Firms that value a fixed rate (fixed) on short drawn balances more than the lowest headline number.
Who should look elsewhere
- Businesses chasing the lowest rate: Plazo ES lists 24.19% against Qonto's 19.5%, and that gap is worth pricing first.
- Anyone without a Qonto account or a registered office in Spain, because eligibility needs both, so Cashspace is the other listed name to check.
- Borrowers with a thin credit file, since the check is hard (hard) and the bar is good credit (good), so Vivus ES is worth checking for a softer route.
Current offers
Qonto ES
Current offer
Bonus
Welcome bonus (Bono de Bienvenida): 300 EUR
Open a Qonto business account; offer shown as valid only until 7/10; spend with your Qonto card to earn
Source, checked September 26, 2026
First period offer
Free Qonto months with first approved financing (Qonto x PragmaGO): 2 months of Qonto free, up to 1 year if requesting over 25,000 EUR
Approved financing request through the PragmaGO partner offer
Source, checked September 26, 2026
Country by country
| Country | Novo | Qonto ES |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| Bulgaria | No | Yes |
| Croatia | No | Yes |
| Cyprus | No | Yes |
| Czechia | No | Yes |
| Denmark | No | Yes |
| Estonia | No | Yes |
8 of 31 countries where either is available.
Questions about each
Novo
What is Novo, and who can borrow from it?+
Novo is a direct lender, so it lends from its own balance sheet rather than passing applications to third parties. The legal entity is Novo Platform Inc., and borrowing goes to US business owners who hold a Novo business checking account.
How much can I borrow?+
The line reaches up to $50,000, well above the €1,315.44 median in the business loan comparison. It works as a credit line rather than a single advance, so a company draws what it needs and repays as revenue arrives.
Qonto ES
What rate do I pay on this business line?+
The listed rate is 19.5%, which sits above the 12% median across the site and up in the 24.92% band. Because the deal runs through a broker (broker), the partner lender's own pricing is what ends up on your offer, so treat the published figure as the number to test against other quotes.
Is the rate fixed, or can it change?+
It is fixed (fixed), and the pricing model is a fixed rate one (fixed rate). That is the commonest structure here, with 80.5% of the brands on the site pricing this way, so the rate you agree holds for the life of the drawn credit rather than resetting at renewal.
Other options to compare
Other matchups
- Novo vs Sofkredit
- Novo vs Andacredito
- Qonto ES vs Plazo ES
- Novo vs 5in5
- Qonto ES vs Multitude Bank p.l.c
- Qonto ES vs Cashspace
- Qonto ES vs Solcredito
- Novo vs Lendela
- Novo vs BriteCap Financial
- Qonto ES vs Kredivo
- Qonto ES vs Moneyveo UA
- Qonto ES vs TF Bank
- Qonto ES vs Upgrade
- Novo vs Nazivnost
- Novo vs Smartney
- Novo vs Bizcap